# PPP loan: MONARCH MATERIALS GROUP, INC
> **$483K** approved 04/05/2020 · Paid in Full · Loan `5536317005`
## Borrower
- **Name:** MONARCH MATERIALS GROUP, INC
- **Address:** 28972 R AVE, ADEL, IA, 50003-8565
- **NAICS:** 444190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $483K
- **Initial approval:** $483K
- **Forgiven:** $486K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $483K
- **Jobs reported:** 41
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*